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    FOR SALE
    Apartment buildings

    1124 NE 5Th Ave Fort Lauderdale, FL 33304

    Built 1951
    Property ID
    US19-0031445
    1124 NE 5Th Ave, Fort Lauderdale, FL 33304 For Sale 1 / 25
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    1124 NE 5Th Ave, Fort Lauderdale, FL 33304
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    Property summary
    AI-generated overview

    This income-producing property features eight units, each with separate water and electric meters. Five units are recently renovated, and three are in need of updating. The detached three-bedroom unit has a new kitchen and baths being installed for maximum rental potential- it also has new impact windows and doors being installed. A new roof was installed in 2020, and 7 of the 8 units are currently rented, providing steady income. Located within walking distance to Wilton Manors and Wilton Drive's shops and restaurants, the property is also close to Las Olas, Flagler Village, and Victoria Park, making it highly desirable for tenants. Sale includes two side by side parcels of land that total half an acre. First Parcel holds a six plex and second parcel holds a duplex.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1951
    UPID US19-0031445
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
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